$4.4 Billion Stolen From Retail Companies In Nyc In 2022. "catch And Release" Is Destroying The City

In 2022, retailers in New York state reported a loss of $4.4 billion due to an escalating issue of organized shoplifting rings. This situation has led to concerns about potential store closures, increased costs for consumers, and threats of violence against store employees.
Despite these challenges, Governor Kathy Hochul vetoed a bipartisan bill that would have established a task force to combat organized theft, a move that has been criticized by many.
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